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Deutsche Telekom, VoiceStream near deal

Article Abstract:

Deutsche Telekom's shares dropped by 5% to $52.56 at the New York Stock Exchange after it announced that it will buy VoiceStream Wireless for $50 billion. However, some Deutsche shareholders are concerned that the company may bey paying too much by 3.2 units of its shares and $30 in cash for every VoiceStream share. On the other hand, VoiceStream's share rose by 5% to $153 although it is still very far from Deutsche's $198.19-per- share offer.

Deutsche Telekom-VoiceStream deal likely to get FCC nod

Article Abstract:

Deutsche Telekom's acquisition of VoiceStream Wireless is expected to be approved by US federal regulators despite opposition from the country's lawmakers. According to the lawmakers, the transaction violates a legislation barring foreign governments' ownership of US airwaves. People knowledgeable about the matter say the Federal Communications Commission's staff has drafted recommendation to approve the $27-billion agreement.